FED_SPEECH · July 15, 2026 · 13:00 ET
Fed Speech · Cook
Released
Fed Speech · Cook is scheduled for July 15, 2026 at 13:00 ET. The actual figure appears here after the official release.
About this release
Fed governors and regional presidents speak at conferences and testimony. Because policy runs on expectations, these remarks are the committee’s expectation-management channel between meetings.
Between meetings, Fed officials steer expectations through speeches — the chair and voting members can move markets mid-sentence.
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What the statement says
Hawkish: Cook states inflation risks now clearly outweigh employment risks and says she is prepared to act if disinflation signs do not emerge soon
- Explicitly calls current inflation 'simply too high', notes June CPI was 3.7% y/y—1.7 percentage points above the 2% target—and states 'has not reached our 2 percent target in more than five years'
- States the balance of risks has shifted from 'balanced, tilted a bit toward employment risks' a year ago to 'inflation risks now outweigh employment risks' today, driven primarily by AI infrastructure investment and the Middle East conflict as persistent price shocks
- Highlights AI data center capital spending 'does not show signs of slowing', with firms having announced over $1.5 trillion in plans, 'only a small portion of which has been realized', implying continued inflationary pressure ahead
- Acknowledges medium- and long-run inflation expectations 'appear mostly anchored', but stresses anchoring 'does not tell us what those policy actions need to be' and explicitly states 'If we do not see signs of disinflation soon, I am prepared to act'
- Reaffirms being 'fully committed to reaching our inflation target' with an 'unwavering' commitment, stating 'this commitment is unwavering', and offers no conditions or timeline for policy easing
AI-generated summary of the official text. The official statement is authoritative. Not investment advice.
Figures as published by the official source, which is authoritative. Not investment advice.